Changes in Hong Kong stocks | Sipney (02583) fell more than 13% in the past week, and its stock price has been falling for more than three years. The end of the month will usher in the lifting of the restricted stock ban

The Zhitong Finance App learned that Sipni (02583) has fallen by more than 13%. The stock has continued to weaken recently, and the stock price has fallen 30% since September 7. As of press release, it decreased by 13.07% to HK$60.2, with a turnover of HK$26.442,800.

According to news, in the first half of this year, Sipney achieved revenue of 333 million yuan, up 15.9% year on year; gross profit of 139 million yuan, up 54.2% year on year; net profit to mother of 99.19 million yuan, up 75.5% year on year; and profit during the adjusted period of 99.084 million yuan, an increase of 62.9% year on year. By product, watch revenue was 237 million yuan, up 58.0% year on year, accounting for 71.0% from 52.1% in the same period last year; jewelry revenue was 97 million yuan, down 29.9% year on year, actively shrinking low gross profit jewelry in an environment of high gold prices.

Furthermore, Sipney recently announced that it will continue to lay out the “precious metals+wearables+intelligence” field to explore the new growth curve of the precious metal wearable industry in the AI era. It should be noted that Sipney's listing is about to expire one year. According to its previous announcement, the ban period for controlling shareholders and pre-listing shareholders will expire on September 29. The total lifting of the ban involves about 87.51% of the issued shares.